Blockbuster Inc. May 14 said reduced inventory and advertising spending contributed to first-quarter (ended April 5) net income of $27.5 million, compared to income of $45.7 million during the same period a year ago.
With the future of its RealDVD copying software in the hands of a federal judge, RealNetworks filed a motion to enter a second amended complaint against the studios and DVD Copy Control Association (DVD CCA) alleging antitrust violations.
Overall video game sales dropped again in April, down 17% from the same month the year before to $1.03 billion. Hardware sales fell 8% with software sales dropping 23% and accessories falling 15%, according to the NPD Group.
Sony Corp. reported a loss of roughly $1 billion for the 2008 fiscal year (ended March 31), and a loss of nearly $1.75 billion for the fourth quarter. The company posted profit of more than $300 million in the prior-year fourth quarter.
Sony Pictures Home Entertainment (SPHE) has promoted Staci Griesbach to executive director of worldwide publicity, as well as Jason Allen to director of worldwide publicity. Both will report to Fritz Friedman, SVP of worldwide publicity for SPHE.